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XAU/USD: technical analysis 05.03.2019

XAUUSDH405032019-1024x576.png

Current trend

On the 4-hour chart, XAU/USD is falling along the lower line of the Bollinger Bands. The price has tested the support level of 1282.78 (Murray [0/8]) and was slightly corrected upwards, but the downward trend still maintains. If the price is set above the level of 1289.06 (Murray [1/8]), the upward correction can develop to the levels of 1296.87 (Murray [2/8]). Additionally, pair’s sustained trading above the 1296.87 (Murray [3/8]) set 1304.68 as buyers next target. The downward trend will be restored after the price is set below the level of 1281.25 (Murray [0/8]). In this case, the next targets of sellers will be the level of 1273.43 (Murray [-1/8]).
Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic’s lines are pointed upwards. Bollinger Bands are leaned downwards. However, as the price has broken the lower border of Bollinger Bands, the upward correction is not excluded.

Support and resistance

Support levels: 1281.25, 1273.43, 1265.62.
Resistance levels: 1289.06, 1296.87, 1304.68.

Trading recommendations

Short positions can be opened from the level of 1281.75 with the target at around 1273.43 and stop-loss 1284.00.
Long positions can be opened above the level of 1289.06 with the target at around 1296.87 and stop-loss 1287.50.

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NZD/USD: technical analysis 05.03.2019

NZDUSDH405032019-1024x576.png

Current trend

On 4-hour chart, NZD/USD is trading in a bear trend and went down below the the middle line of Bollinger Bands. The price is approaching a support in the region of 0.6774 (Murray [2/8]). There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 0.6744 (Murray [1/8]) – 0.6713 (Murray [0/8]). If the “bulls” manage to raise the rate above the level of 0.6812 ( middle line of Bollinger Bands ), the correction can continue to the area of 0.6835 (Murray [4/8]), 0.6866 (Murray [5/8]). Technical indicators reflect the moderate maintenance of the current downward trend. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic’s lines are pointed downwards.

Support and resistance

Support levels: 0.6774, 0.6744, 0.6713.
Resistance levels: 0.6805, 0.6835, 0.6866.

Trading recommendations

Short positions can be opened below the level of 0.6774 with the target at around 0.6744-0.6713 and stop-loss 0.6794.
Long positions can be opened above the level of 0.6805 with the target at around 0.6835-0.6866 and stop-loss 0.6790.

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EUR/USD: technical analysis 05.03.2019

EURUSDH405032019-1024x576.png

Current trend

On 4-hour chart, the EURUSD pair is showing a negative dynamic on its way to the key support line 1.1291 (Murray [0/8]). Levels of 1.1322 (Murray [2/8]), and the 1.1306 (Murray [1/8]) levels might offer intermediate halts during the plunge to 1.1291 mark. If the “bulls” manage to raise the rate above the level of 1.1337 (Murray [3/8]), the correction can continue to the area of 1.1352 (Murray [4/8]), 1.1398 (Murray [7/8]).
Technical indicators maintain a sell signal.Bollinger Bands are slightly leaned downwards. MACD volumes are increasing in the negative zone. Stochastic’s lines are pointed sideways.

Support and resistance

Support levels: 1.1322, 1.1291, 1.1261.
Resistance levels: 1.1337, 1.1352, 1.1398.

Trading recommendations

Short positions can be opened below the level of 1.1322 with the target at around 1.1291 – 1.1261 and stop-loss 1.1340.
Long positions can be opened above the level of 1.1337 with the target at around 1.1352 – 1.1398 and stop-loss 1.1320.

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GBP/USD: technical analysis 06.03.2019

GBPUSDH406032019-1024x576.png

Current trend

On the 4-hour chart, The GBP/USD pair trading with bearish bias. At the moment the price has met the support at the level of 1.3122 (Murray [3/8]). Breakdown and consolidation of the price below the level of 1.3122 will let GBP/USD reach the level of 1.3061 (Murray [2/8]). Alternatively, breakout of 1.3183 (Murray [4/8]) level can accelerate the pair towards 1.3244 (Murray [5/8]). Assuming the pair’s ability to cross 1.3244, 1.3305 (Murray [6/8]) can be targeted if holding long positions. Technical indicators reflect the moderate maintenance of the current downward trend. MACD volumes are increasing in the negative zone. Stochastic and Bollinger Bands are pointed downwards.

Support and resistance

Support levels: 1.3122, 1.3061, 1.3000.
Resistance levels: 1.3183, 1.3244, 1.3305.

Trading recommendations

Short positions can be opened below the level of 1.3122 with the target at around 1.3061 and stop-loss 1.3140.
Long positions can be opened above the level of 1.3183 with the target at around 1.3244 and stop-loss 1.3160.

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AUD/USD: technical analysis 06.03.2019

AUDUSDH406032019-1024x576.png

Current trend

On 4-hour chart, AUD/USD shows a negative dynamic. The price is approaching a strong support in the region of 0.7019 (Murray [-2/8]). There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 0.6980-0.6950. If the “bulls” manage to raise the rate above the level of 0.7049 (Murray [-1/8]),the correction can continue to the area of 0.7080 (Murray [4/8]) – 0.7110 (Murray [5/8]). Technical indicators maintain a sell signal. Bollinger Bands are diverging, reflecting the active development of the current downward trend. The volumes of MACD histogram are growing in the negative zone. Stochastic is pointed sideways.

Support and resistance

Support levels: 0.7019, 0.6980, 0.6950.
Resistance levels: 0.7049, 0.7080, 0.7110.

Trading recommendations

Short positions can be opened below the level of 0.7019 with the target at around 0.6980-0.6950 and stop-loss 0.7040.
Long positions can be opened above the level of 0.7049 with the target at around 0.7080-0.7110 and stop-loss 0.7020.

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USD/JPY: technical analysis 06.03.2019

USDJPYH406032019-1024x576.png

Current trend

USD/JPY continues to consolidate in the side channel after a significant raise over the past two weeks. On the 4-hour chart, the instrument is now consolidating around the area of 111.71 level (Murray [6/8]). Breaking 111.71 and holding below it will push the price back to 111.32 (Murray [5/8])-110.93 (Murray [4/8]) level. The upward trend will be restored after the price is set above the level of 112.10 (Murray [7/8]). Additionally, pair’s sustained trading beyond the 112.10 could set 112.50 and the 112.89 as buyers’ next targets.
The technical picture is mixed. Bollinger Bands and Stochastic are pointed sideways, reflecting the relative calmness of the markets and sideways movement of the price. MACD volumes are decreasing in the positive zone.

Support and resistance

Support levels: 111.71, 111.32, 110.93.
Resistance levels: 112.10, 112.50, 112.89.

Trading recommendations

Short positions can be opened below the level of 111.71 with the target at around 111.32-110.93 and stop-loss 111.95.
Long positions can be opened above the level of 112.10 with the target at around 112.50-112.89 and stop-loss 111.85./

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EUR/USD: technical analysis 07.03.2019

EURUSDH407032019-1024x576.png

Current trend

On 4-hour chart, the EURUSD pair is showing a negative dynamic due to low trading activity and relative calm information field. The price went down below the level of middle line of Bollinger Bands and can fall further to the levels of and 1.1291 (Murray [0/8]). One may speak about downward movement continuation after the price consolidates below the support level of 1.1291. In this case, the next targets of sellers will be the level of 1.1276 (Murray [-1/8])-1.1261 (Murray [-2/8]). If the “bulls” manage to raise the rate above the level of 1.1322, the correction can continue to the area of 1.1352 (Murray [4/8])-1.1367 (Murray [5/8]). Technical indicators mostly maintain a sell signal.Bollinger Bands are slightly leaned downwards. MACD volumes are in the negative zone. Stochastic’s lines are pointed sideways.

Support and resistance

Support levels: 1.1291, 1.1276, 1.1261, 1.1247.
Resistance levels: 1.1322, 1.1352, 1.1383, 1.1398.

Trading recommendations

Short positions can be opened below the level of 1.1291 with the target at around 1.1261-1.1247 and stop-loss 1.1308.
Long positions can be opened above the level of 1.1322 with the target at around 1.1352 – 1.1367 and stop-loss 1.1306.

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USD/CAD: technical analysis 07.03.2019

USDCADH407032019-1024x576.png

Current trend

On the 4-hour chart, USD/CAD is growing along the upper line of the Bollinger Bands. The price went up above the level of 1.3427 (Murray [4/8]) and can grow further to the levels of 1.3488 (Murray [5/8]) and 1.3549 (Murray [6/8]). Pullbacks below 1.3427 could lead to the 1.3366 (Murray [3/8]) level. A significant decrease is possible after the breakdown of the level 1.3366 and the middle line of Bollinger Bands,which can develop to the levels of 1.3305 (Murray [2/8]), 1.3244 (Murray [1/8]). Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed upwards. Stochastic is in the overbought area and is pointed sideways. MACD volumes are increasing in the positive zone.

Support and resistance

Support levels: 1.3427, 1.3366, 1.3305, 1.3244.
Resistance levels: 1.3488, 1.3549, 1.3610, 1.3671.

Trading recommendations

Short positions can be opened below the level of 1.3427 with the target at around 1.3366 and stop-loss 1.3445.
Long positions can be opened above the level of 1.3460 with the target at around 1.3488-1.3549 and stop-loss 1.3430.

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NZD/USD: technical analysis 08.03.2019

NZDUSDH408032019-1024x576.png

Current trend

On 4-hour chart, the instrument is correcting up from the lower line of the Bollinger Bands. The main target of the correction is the level of 0.6774 (Murray [2/8]), which corresponds to the middle line of Bollinger Bands. There is a chance of a downward rebound from the level 0.6774, while its breakout would allow the raise to continue to the area of 0.6805 (Murray [3/8]). The downward trend will be restored after the price is set below the level of 0.6744 (Murray [1/8]). In this case, the next targets of sellers will be the level of 0.6713 (Murray [0/8]). A significant decrease is possible after the breakout of the level 0.6713, which can develop to the area of 0.6683 (Murray [-1/8])-0.6652 (Murray [-2/8]). Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Stochastic’s lines are pointed upwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Bollinger Bands are leaned downwards. However, as the price has broken the lower border of Bollinger Bands, the upward correction is not excluded.

Support and resistance

Support levels: 0.6744, 0.6713, 0.6683, 0.6652.
Resistance levels: 0.6774, 0.6805, 0.6835, 0.6866.

Trading recommendations

Short positions can be opened below the level of 0.6744 with the target at around 0.6713-0.6683 and stop-loss 0.6760.
Long positions can be opened above the level of 0.6774 with the target at around 0.6805-0.6835 and stop-loss 0.6755.

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XAU/USD: technical analysis 08.03.2019

XAUUSDH408032019-1024x576.png

Current trend

The XAU/USD pair begins today’s trading with slight bullish correction after a significant decline over the past three weeks. Now the instrument is testing the resistance level of 1289.12 (Murray [1/8]), that holds the gate for its rise to 1296.87 (Murray [1/8]) resistance-line. We should note that breakdown 1285.95 and holding below it will push the price back to the 1281.25 (Murray [0/8]). Should prices continue slipping under 1285.95, the area of (Murray [-1/8]) 1273.43 (Murray [-2/8]) and the 1265.62 might try activating a rebound.
Technical indicators mostly keep a buy signal. MACD volumes are decreasing in the negative zone. Stochastic has is pointed upwards. Bollinger Bands are slightly diverging, reflecting the development of the current upward movement.

Support and resistance

Support levels: 1285.95, 1281.75, 1273.43, 1265.62.
Resistance levels: 1289.06, 1296.87, 1304.68, 1312.50.

Trading recommendations

Short positions can be opened below the level of 1281.75 with the target at around 1273.43 and stop-loss 1284.00.
Long positions can be opened above the level of 1289.06 with the target at around 1296.87 and stop-loss 1287.50.

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USD/CAD: technical analysis 08.03.2019

USDCADH408032019-1024x576.png

Current trend

On the 4-hour chart, USD/CAD is showing a positive dynamic and is growing along the upper line of the Bollinger Bands. The lack of long-term corrections reflects the strength of the current trend. If the current trend maintains, the next targets of buyers will be the level of 1.3488 (Murray [5/8]). The pair’s sustained trading beyond the 1.3488 will let the price to grow to the area of 1.3549 (Murray [6/8]). Alternatively, pullbacks below 1.3427 (Murray [4/8]) could lead to the 1.3403 and 1.3366 (Murray [3/8]) level. A significant decrease is possible after the breakdown of the level 1.3366 , which can develop to the levels of 1.3305 (Murray [2/8]), 1.3244 (Murray [1/8]).
Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed upwards. Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation. MACD is slowly decreasing in the positive zone.

Support and resistance

Support levels: 1.3427, 1.3366, 1.3305, 1.3244.
Resistance levels: 1.3488, 1.3549, 1.3610, 1.3671.

Trading recommendations

Short positions can be opened below the level of 1.3427 with the target at around 1.3366 and stop-loss 1.3445.
Long positions can be opened above the level of 1.3460 with the target at around 1.3488-1.3549 and stop-loss 1.3430.

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AUD/USD: technical analysis 11.03.2019

AUDUSDH411032019-1024x576.png

Current trend

The AUD/USD pair begins today’s trading with slight bullish bias. Now the price is consolidating above the level 0.7033 (middle line of Bollinger Bands). The upward trend will be restored after the price is set above the level of 0.7049 (Murray [3/8]). In this case, the raise will continue to the area of 0.7080 (Murray [4/8]). Assuming the pair’s ability to cross 0.7080, the 0.7110 (Murray [5/8]) and the 0.7141 (Murray [6/8]) can be targeted if holding long positions. The breakdown of 0.7033 and holding below it will push the price back to 0.7019 (Murray [2/8]) -0.6988 (Murray [1/8]) area.
The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are decreasing in the negative zone. Stochastic’s lines are pointed downwards.

Support and resistance

Support levels: 0.7019, 0.6988, 0.6958.
Resistance levels: 0.7049, 0.7080, 0.7110.

Trading recommendations

Short positions can be opened below the level of 0.7019 with the target at around 0.6988-0.6958 and stop-loss 0.7040.
Long positions can be opened above the level of 0.7049 with the target at around 0.7080-0.7110 and stop-loss 0.7030.

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USD/JPY: technical analysis 11.03.2019

USDJPYH411032019-2-1024x576.png

Current trend

On 4-hour chart, the instrument is correcting up after the fall to the level of 110.77. The first target of the correction is the level of 111.47, which corresponds to the middle line of Bollinger Bands. This case scenario will be actual after the price is set above the level 111.20. Pullbacks below 110.93 (Murray [4/8]) could lead to the 110.54 level (Murray [3/8]).
The technical picture is mixed. Bollinger Bands are pointed downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is pointed upwards signaling, the development of an upward correction.

Support and resistance

Support levels: 110.93, 110.54, 110.15, 109.76.
Resistance levels: 111.32, 111.71, 112.10, 112.50.

Trading recommendations

Short positions can be opened below the level of 110.93 with the target at around 110.54-110.15 and stop-loss 111.15.
Long positions can be opened above the level of 111.20 with the target at around 111.47-111.71 and stop-loss 111.05.

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GBP/USD: technical analysis 11.03.2019

GBPUSDH411032019-1024x576.png

Current trend

On the 4-hour chart, The GBP/USD pair trading with bearish bias. The price is approaching a strong support in the region of 1.2939 (Murray [0/8]) . There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1.2878 (Murray [-1/8]) -1.2817 (Murray [-2/8]). If the “bulls” manage to raise the rate above the level of 1.3000 (Murray [1/8]), the correction can continue to the area of 1.3061 (Murray [2/8]). The upward trend will be restored after the price is set above the level of 1.3122 (Murray [3/8]), which is the middle line of Bollinger Bands. In this case, the raise will be continue to the level of 1.3183 (Murray [4/8]).
Technical indicators reflect the moderate maintenance of the current downward trend. MACD volumes are increasing in the negative zone. Stochastic and Bollinger Bands are pointed downwards.

Support and resistance

Support levels: 1.2939, 1.2878, 1.2817.
Resistance levels: 1.3000, 1.3061, 1.3122.

Trading recommendations

Short positions can be opened below the level of 1.2939 with the target at around 1.2878 and stop-loss 1.2960.
Long positions can be opened above the level of 1.3000 with the target at around 1.3061 and stop-loss 1.2980.

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NZD/USD: technical analysis 13.03.2019

NZDUSDH413032019-1024x576.png

Current trend

On 4-hour chart, NZD/USD is in the stage of downward correction. The main target of the correction is the level of 0.6820, which is the middle line of Bollinger Bands. The downward trend will be restored after the price is set below the level of 0.6820. In this case, the next targets of sellers will be the area of 0.6805 (Murray [3/8]) – 0.6774 (Murray [2/8]). Alternatively, breakout of 0.6866 (Murray [5/8]) can accelerate the pair towards 0.6897 (Murray [6/8]) – 0.6927 (Murray [7/8]). Probably, any attempted recovery seems more likely to get sold into aggressively near the 0.6897 region. Technical indicators mostly keep a sell signal. MACD volumes are decreasing in the positive zone. Stochastic is pointed downwards. Bollinger Bands are converging, reflecting the relative calmness of the markets.

Support and resistance

Support levels: 0.6835, 0.6805, 0.6774, 0.6744.
Resistance levels: 0.6866, 0.6897, 0.6927, 0.6958.

Trading recommendations

Short positions can be opened below the level of 0.6835 with the target at around 0.6805-0.6774 and stop-loss 0.6855.
Long positions can be opened above the level of 0.6866 with the target at around 0.6897-0.6927 and stop-loss 0.6846.

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XAU/USD: technical analysis 13.03.2019

XAUUSDH413032019-1024x576.png

Current trend

On the 4-hour chart, XAU/USD is growing along the upper line of the Bollinger Bands. The instrument is now testing the level of 1304.68 (Murray [3/8]). Assuming the ability to cross 1304.68 mark, the level 1312.50 (Murray [4/8]) can be targeted if holding long positions. There is a chance of a downward rebound around the 1312.50 level, while its breakout would allow the raise to continue. Failure to conquer the 1304.68 mark seems fetching the XAU/USD to 0.1296.87 support, which is the the middle line of Bollinger Bands.
Alternatively, breakdown of 1296.87 (Murray [2/8]) will push the price back to 1289.06 (Murray [1/8]). Technical indicators mostly keep a buy signal. MACD volumes are increasing in the positive zone. Stochastic is in the overbought area and is pointed upwards. Bollinger Bands are directed up.

Support and resistance

Support levels: 1296.87, 1289.06, 1281.25.
Resistance levels: 1304.68, 1312.50, 1320.31.

Trading recommendations

Long positions can be opened above the level of 1304.68 with the target at around 1312.50 and stop-loss 1302.60.
Short positions can be opened below the level of 1296.87 with the target at around 1289.06 and stop-loss 1288.00.

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USD/CAD: technical analysis 13.03.2019

USDCADH413032019-1024x576.png

Current trend

On the 4-hour chart, the instrument is faliing along the lowet line of the Bollinger Bands. If the current trend maintains, the next targets of sellers will be the level of 1.3305 (Murray [2/8]), but overbought Stochastic could challenge the pair’s downard movement. If the “bulls” manage to raise the rate above the level of 1.3378, the correction can continue to the area of 1.3427 (Murray [4/8]), which coincide with the middle line of Bollinger Bands. Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are leaned downwards. MACD volumes are increasing in the negative zone. Stochastic is in the oversold area and is pointed upwards, signaling the development of an upward correction.

Support and resistance

Support levels: 1.3305, 1.3244, 1.3183.
Resistance levels: 1.3366, 1.3427, 1.3488.

Trading recommendations

Short positions can be opened below the level of 1.3360 with the target at around 1.3305 and stop-loss 1.3380.
Long positions can be opened above the level of 1.3378 with the target at around 1.3427 and stop-loss 1.3361.

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GBP/USD: technical analysis 14.03.2019

GBPUSDH414032019-1024x576.png

Current trend

On the 4-hour chart, the instrument is correcting down from the resistance level 1.3380. The main target of the correction is the level of 1.3138, which corresponds to the middle line of Bollinger Bands. The levels of 1.3244 (Murray [5/8]) and the 1.3183 (Murray [4/8]) levels might offer intermediate halts during the plunge to the level 1.3138. There is a chance of an upward rebound from the level 1.3138, while its breakdown would allow the fall to continue. Alternatively, break of 1.3380 can accelerate the pair towards 1.3427 (Murray [8/8]) – 1.3488 (Murray [+1/8]). Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. MACD volumes are in the positive zone. Bollinger Bands are directed up.Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 1.3244, 1.3183, 1.3122, 1.3061.
Resistance levels: 1.3305, 1.3366, 1.3427, 1.3488.

Trading recommendations

Short positions can be opened below the level of 1.3244 with the target at around 1.3183 and stop-loss 1.3260.
Long positions can be opened above the level of 1.3305 with the target at around 1.3366 and stop-loss 1.2805.

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USD/JPY: technical analysis 14.03.2019

USDJPYH414032019-1024x576.png

Current trend

On 4-hour chart, USD/JPY is trading above the middle line of Bollinger Bands suggesting bullish momentum. If the current trend maintains, the next targets of buyers is the level of 111.71 (Murray [4/8]). If the “bulls” manage to raise the rate above the level of 111.71, the growth can continue to the area of 111.91 (Murray [5/8]), 112.10 (Murray [6/8]). Pullbacks below 111.32 (Murray [4/8]) could lead to the levels of 111.13 (Murray [1/8]) – 110.93 (Murray [0/8]). Technical indicators mostly keep a buy signal. Bollinger Bands diverge indicating the development of the current upward dynamic. MACD histogram is ready to enter the positive zone and form a buy signal. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 111.52, 111.13, 110.93.
Resistance levels: 111.71, 112.10, 112.50.

Trading recommendations

Short positions can be opened below the level of 111.52 with the target at around 111.13-110.93 and stop-loss 111.70.
Long positions can be opened above the level of 111.71 with the target at around 112.10-112.50 and stop-loss 111.46.

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USD/JPY: technical analysis 14.03.2019

USDJPYH414032019-1024x576.png

Current trend

On 4-hour chart, USD/JPY is trading above the middle line of Bollinger Bands suggesting bullish momentum. If the current trend maintains, the next targets of buyers is the level of 111.71 (Murray [4/8]). If the “bulls” manage to raise the rate above the level of 111.71, the growth can continue to the area of 111.91 (Murray [5/8]), 112.10 (Murray [6/8]). Pullbacks below 111.32 (Murray [4/8]) could lead to the levels of 111.13 (Murray [1/8]) – 110.93 (Murray [0/8]). Technical indicators mostly keep a buy signal. Bollinger Bands diverge indicating the development of the current upward dynamic. MACD histogram is ready to enter the positive zone and form a buy signal. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 111.52, 111.13, 110.93.
Resistance levels: 111.71, 112.10, 112.50.

Trading recommendations

Short positions can be opened below the level of 111.52 with the target at around 111.13-110.93 and stop-loss 111.70.
Long positions can be opened above the level of 111.71 with the target at around 112.10-112.50 and stop-loss 111.46.

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